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Strategies & Market Trends : The Player's Club -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (3362)	1/2/2000 12:54:00 AM
From: Bull RidaH	Read Replies (1) \| Respond to of 11513

Chip, <<now you've turned Long>> Figured it was about time I started living up to my name!! :o) Thanks for sharing your views on the market during the past year. They are always extremely helpful and thought provoking. The Bradley turn you've spoken about occurs on 1/3, and it turns down. Thus, one would want to try to sell the high during this 3 day window starting friday, 12/31, looking for a profitable pull back. But if and when, going forward, we break the high in this 3 day window, that would be a strong buy signal. I still use the NYSE cash index for these signals as it is seems to be more conservative and reliable. We are currently in an inverted cycle buy signal from our break above 645.5 last week, but the buying pressure could falter at anytime, especially with a Bradley turn down now upon us. I'm just not real sure where a short term peak will be reached in this 3 day window, so I'm holding long looking for a strong run up to sell into. Hope it's not already behind us. Wave counts and pattern formations I'm tracking say this bull leg off the 10/18/99 low will continue into early to mid March, taking the SPX up to 1590-1630, and the dow to 12600-13000. From there, I expect another 6-8 month correction similar to '99's, with no significant new highs until early 2001. I expect the side ways correction/pullback to dip to 1480 or so before ending in Sept/Oct 2000. The bull leg that begins from that point will be the one that can send us all into retirement, rivaling and possibly surpassing the major index gains seen from the '84 low to the '87 peak. I still look for a strong rally into 2006, roughly a 7 year period from the Oct.'98 low that marked the end of the worldwide collapse in stock prices. This 7 year prosperous period full of abundance will be followed by 7+ years of decay/famine/wealth destruction as Bullish Wave formations from the beginning of our markets in the 1700's will be fulfilled at the 2006 peak. The resulting bear market could and should, in my opinion, lop at least two thirds off our equity valuations. But the fall could be from a lofty 45000 Dow to 15000, following a similar course to that in Japan ('89-'99). That's all for now... Back to the locust & honey! <g> David